OPEN MEDICINE FOUNDATION (EIN 264712664) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

KIMBERLY HICKS

Phone

6502428669

Tax Period

2023-01-01 to 2023-12-31

OPEN MEDICINE FOUNDATION, founded in 2009, is a community nonprofit in the Medical Research sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

FUNDING COLLABORTIVE MEDICAL RESEARCH AND EDUCATION FOR MULTI-SYSTEM CHRONIC COMPLEX DISEASES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,888,844

Program Service Revenue $0

Investment Income $173,834

Other Revenue $-4,053

TOTAL REVENUE $6,058,625

Expense Breakdown

Grants Paid $4,638,675

Salaries & Benefits $1,089,176

Fundraising Expenses $598,154

Program Expenses $5,452,667

Other Expenses $576,251

TOTAL EXPENSES $6,304,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,058,625	$3,987,810	+0.5%
Expenses	$6,304,102	$6,836,842	-0.1%
Net Income	$-245,477	$-2,849,032	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$790,000

Total Directors

$570,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA TANNENBAUM	CEO/PRESIDENT & PROGRAMS C	40.00	Officer Director	$290,000	$5,000	$295,000
KIMBERLY HICKS	CFO/TREASURER & COO	40.00	Officer Director	$270,000	$5,000	$275,000
SHAI HELD	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
DEBORAH ROSE	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
HANY ZAYED	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
VICKI SHULTZ	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
DEBORAH GOULD	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
CONNIE MINETT	BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
JILLIAN PAYNE	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$215,000	$5,000	$220,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,058,625	$6,304,102	$7,790,244	$-245,477
2022	$3,987,810	$6,836,842	$8,684,671	$-2,849,032
2021	$5,827,682	$4,005,744	$9,082,668	$1,821,938
2020	$4,062,970	$4,360,322	$7,627,636	$-297,352
2019	$4,286,613	$3,060,931	$7,489,877	$1,225,682
2018	$8,908,795	$5,809,714	$7,971,322	$3,099,081

OPEN MEDICINE FOUNDATION